403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Gold Analysis 21/10: Trades Near Its All-Time High (Chart)
(MENAFN- Daily Forex) Today's Gold Analysis Overview:
- The overall of Gold Trend: Strongly bullish. Today's Gold Support Points: $4290 – $4200 – $4170 per ounce. Today's Gold Resistance Points: $4385 – $4440 – $4500 per ounce.
- Sell Gold from the resistance level of $4400, with a target of $4200 and a stop-loss at $4470. Buy Gold from the support level of $4260, with a target of $4400 and a stop-loss at $4200.
The strategy of buying gold on every strong price decline will remain in place until further notice. However, we always recommend avoiding risk, regardless of the strength of the trading opportunities available.
EURUSD Chart by TradingViewShould we buy gold now?According to gold analysts' forecasts, investors are likely to remain keen to increase their gold allocations when prices dip, and the recent sharp rise in gold price may have been overly exaggerated and too rapid. Nevertheless, concerns about the fiscal sustainability of the G10 and the independence of central banks are expected to continue until 2026, making it difficult to predict whether gold will peak soon. Accordingly, Bank of Singapore has adjusted its 12-month gold price forecast to $4,600 per ounce.According to experts at IG Bank, there is still "plenty of money ready to jump on the gold train." The experts added that the "altitude sickness" suffered by the yellow metal was merely a passing stumble. This may not be reassuring for those awaiting a "true pullback."Ready to trade today's Gold prediction? Here's a list of some of the best XAU/USD brokers to check out.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.

Comments
No comment